EU President to issue Brexit guidelines within two days of March 29

European Council President Donald Tusk said on Monday he would present the other 27 European Union states with draft Brexit negotiating guidelines within 48 hours from the moment Britain formally triggers its exit from the bloc.

London said on Monday it would launch the two-year withdrawal process on March 29.

The spokesman for the European Commission said it is ready to begin Brexit negotiations on Britain's withdrawal from the European Union.

"Everything is ready on this side," Margaritis Schinas, the chief spokesman for the EU executive, told a regular news briefing. He noted that negotiations would begin once other EU states had met to confirm the Commission's negotiating mandate.

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